Greene County Bancorp, Inc. (NASDAQ:GCBC) Sees Large Decrease in Short Interest

Greene County Bancorp, Inc. (NASDAQ:GCBC) saw a significant drop in short interest in July. As of July 31st, there was short interest totalling 89,300 shares, a drop of 7.1% from the July 15th total of 96,100 shares. Currently, 1.3% of the company’s stock are sold short. Based on an average trading volume of 30,400 shares, the days-to-cover ratio is currently 2.9 days.

Insider Buying and Selling at Greene County Bancorp

In other news, CFO Michelle M. Plummer sold 3,154 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $30.32, for a total value of $95,629.28. Following the completion of the transaction, the chief financial officer now directly owns 118,726 shares in the company, valued at $3,599,772.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Greene County Bancorp

Institutional investors have recently made changes to their positions in the company. Janus Henderson Group PLC acquired a new position in Greene County Bancorp in the first quarter worth $272,000. Vanguard Group Inc. grew its position in shares of Greene County Bancorp by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 362,196 shares of the real estate investment trust’s stock valued at $10,428,000 after buying an additional 2,407 shares during the last quarter. BNP Paribas Financial Markets raised its stake in Greene County Bancorp by 12.7% during the first quarter. BNP Paribas Financial Markets now owns 4,272 shares of the real estate investment trust’s stock worth $123,000 after acquiring an additional 483 shares during the period. Renaissance Technologies LLC bought a new position in Greene County Bancorp in the second quarter worth about $260,000. Finally, Dimensional Fund Advisors LP boosted its stake in Greene County Bancorp by 13.7% in the second quarter. Dimensional Fund Advisors LP now owns 64,791 shares of the real estate investment trust’s stock valued at $2,182,000 after acquiring an additional 7,814 shares during the period. 13.39% of the stock is currently owned by institutional investors.

Greene County Bancorp Price Performance

Shares of NASDAQ GCBC opened at $31.44 on Tuesday. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.17. Greene County Bancorp has a fifty-two week low of $22.33 and a fifty-two week high of $37.25. The business has a 50 day moving average price of $32.21 and a two-hundred day moving average price of $30.10. The firm has a market cap of $535.33 million, a PE ratio of 21.83 and a beta of 0.42.

Greene County Bancorp (NASDAQ:GCBC) last issued its quarterly earnings results on Tuesday, July 23rd. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter. Greene County Bancorp had a net margin of 21.07% and a return on equity of 12.84%. The business had revenue of $16.58 million during the quarter.

Greene County Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $0.36 annualized dividend and a yield of 1.15%. This is a boost from Greene County Bancorp’s previous quarterly dividend of $0.08. Greene County Bancorp’s dividend payout ratio is presently 25.00%.

About Greene County Bancorp

Greene County Bancorp, Inc operates as a holding company for The Bank of Greene County that provides various financial services in the United States. The company's deposit products include savings, NOW accounts, money market accounts, certificates of deposit, non-interest bearing checking accounts, and individual retirement accounts.